The Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments. U.S. stocks advanced Thursday after lower-than-expected weekly jobless claims assuaged investors' recession concerns following a brutal sell-off earlier in the week. The Dow Jones Industrial Average rose 1.3%, while the Nasdaq Composite and S & P 500 climbed 2.2% and 1.8%, respectively.
" Wells Fargo stock is a buy on Thursday, Jim said. Shares of the bank took an unnecessary beating earlier in the week during the broader market sell-off. We took advantage of this dip, and have added to our Wells position three times since Monday. This company has quality fundamentals as seen in recent quarterly earnings, and CEO Charlie Scharf is leading the firm in a positive direction. "I continue to believe you can buy Wells Fargo right here, right now," he said.
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